According to a new market report published by
Lucintel, the future of the aerospace interior market looks positive with
opportunities in seating, inflight entertainment (IFE), galley, lavatory,
stowage bin, and panels. The global commercial aerospace interior market is forecast
to grow at a CAGR of 4.0% from 2015 to 2020. The major growth drivers of this
market are increasing deliveries of aircraft, replace and renovation of the
aircraft interior and the increasing demand for the customized Interior. Customized
interior helps airlines to differentiate from the competitors on the basis of
interiors that act as a touch point of customer’s service, helping to
distinguish one brand from another.

In this market, seating, IFE (In Flight
Entertainment), galley, lavatory, stowage bin, and panels are used in aircraft
interior. Lucintel predicts that the demand for seating segment is likely to experience
the highest growth in the forecast period supported by increase in the aircraft
delivery, increasing seating capacity of the aircraft and up-gradation of seats
in old aircraft. On the basis of its
comprehensive research, Lucintel forecasts that the seating and IFE segment are
expected to show above average growth during the forecast period.

Within the aerospace interior market, the seating
segment will remain as the largest segment because of increasing demand for
thinner seats which reduces seat pitch value and provide additional seats in
the same area of an aircraft.

North America was the largest market, which
held 30% of the total commercial aerospace interior market by value in 2014.
Increase in number of aircraft delivery, air traffic rate and growth of the
airline industry leading to the growth of commercial aerospace interior market.

For
market expansion, the report suggests innovation and new product development,
where the unique feature of aerospace interior can be capitalized. The report
further suggests the development of partnerships with customers to create
win-win situations and the development of performance-driven solutions for end
users.

Emerging trends, which have
a direct impact on the dynamics of the industry, include the increasing use of
lightweight aerospace interior products/components, and increase in per-person
space allocation. Panasonic
Avionics Corporation, Zodiac Aerospace, Thales Group, B/E Aerospace, and Diehl
are among the major suppliers of aerospace interior. Some companies are opting
for M&A as a strategic initiative for driving growth.

Lucintel, a leading global strategic
consulting and market research firm, has analyzed the
commercial aerospace interior market by product type, platform, and region
and has come up with a comprehensive research
report, “Opportunities
in Global Commercial Aerospace Interior Market 2015-2020: Market Size, Market
Share, Trend and Forecast Analysis.” The Lucintel report serves as
a springboard for growth strategies, as it provides a comprehensive data and
analysis on trends, key drivers, and directions. The study includes a forecast for
the airport service industry through 2020, segmented by product type, platform,
and region as follows:

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